Target (NYSE:TGT) Reaches New 12-Month High Following Analyst Upgrade

Posted by Geri Gentry on Aug 10th, 2026

Target logo Target Corporation (NYSE:TGT – Get Free Report)’s stock price hit a new 52-week high during mid-day trading on Monday after JPMorgan Chase & Co. raised their price target on the stock from $129.00 to $157.00. JPMorgan Chase & Co. currently has a neutral rating on the stock. Target traded as high as $151.23 and last traded at $151.0440, with a volume of 1150103 shares traded. The stock had previously closed at $149.70.

Several other brokerages have also recently commented on TGT. Evercore set a $150.00 target price on Target in a report on Tuesday, August 4th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $123.00 price objective on shares of Target in a research note on Friday, May 15th. Argus set a $150.00 target price on shares of Target in a research note on Friday, May 22nd. Wall Street Zen raised Target from a “hold” rating to a “buy” rating in a research note on Saturday, June 6th. Finally, Royal Bank Of Canada raised their price objective on shares of Target from $132.00 to $153.00 and gave the stock an “outperform” rating in a research report on Thursday, May 21st. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, seventeen have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $136.89.

Get Our Latest Stock Report on Target

Insiders Place Their Bets

In other Target news, insider Cara A. Sylvester sold 10,000 shares of the stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $125.89, for a total value of $1,258,900.00. Following the transaction, the insider owned 45,930 shares in the company, valued at approximately $5,782,127.70. This represents a 17.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.13% of the company’s stock.

Hedge Funds Weigh In On Target

A number of large investors have recently modified their holdings of TGT. WFA of San Diego LLC bought a new position in shares of Target in the second quarter valued at $25,000. Jessup Wealth Management Inc acquired a new stake in shares of Target in the 4th quarter worth about $25,000. Altshuler Shaham Ltd acquired a new stake in shares of Target in the 4th quarter worth about $26,000. Eagle Bay Advisors LLC bought a new position in Target in the 4th quarter valued at about $30,000. Finally, MidFirst Bank bought a new position in Target in the 4th quarter valued at about $31,000. 79.73% of the stock is currently owned by institutional investors.

Target Price Performance

The firm has a market cap of $68.73 billion, a price-to-earnings ratio of 19.98, a P/E/G ratio of 2.94 and a beta of 0.96. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.30 and a current ratio of 0.93. The business has a 50 day simple moving average of $135.01 and a 200-day simple moving average of $124.64.

Target (NYSE:TGT – Get Free Report) last issued its quarterly earnings data on Wednesday, May 20th. The retailer reported $1.71 EPS for the quarter, topping the consensus estimate of $1.47 by $0.24. Target had a return on equity of 22.92% and a net margin of 3.24%.The firm had revenue of $25.44 billion during the quarter, compared to the consensus estimate of $24.66 billion. During the same period in the prior year, the business posted $1.30 earnings per share. The company’s quarterly revenue was up 6.7% compared to the same quarter last year. Target has set its FY 2026 guidance at 7.500-8.500 EPS. Equities research analysts expect that Target Corporation will post 8.32 earnings per share for the current year.

Target Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 12th will be paid a dividend of $1.16 per share. This is a boost from Target’s previous quarterly dividend of $1.14. The ex-dividend date is Wednesday, August 12th. This represents a $4.64 annualized dividend and a yield of 3.1%. Target’s dividend payout ratio (DPR) is 60.24%.

About Target

(Get Free Report)

Target Corporation (NYSE: TGT) is a U.S.-based general merchandise retailer headquartered in Minneapolis, Minnesota. The company operates a network of full-line and small-format stores across the United States alongside a national e-commerce platform and mobile app. Target’s retail assortment spans apparel, home goods, electronics, groceries and household essentials, plus beauty, baby and pet categories. The firm complements national brands with a portfolio of owned and exclusive labels and partnerships that help differentiate its merchandise assortment.

Target traces its roots to the Dayton Company, founded by George Dayton in 1902; the Target discount chain was launched in 1962 and the parent company later adopted the Target Corporation name.